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THV system, final edition

  • #19,821
  • Aug 17, 2010 10:29am Aug 17, 2010 10:29am
Quoting chiba_san
yeah... i am also wondering why it went bad also.... i took the same trade more or less. got out earlier...but i was very dissapointed myself... it looked good. i only used m1 and m5. coral, cloud and adx. it looked good...it looked very good.....

if we have to worry about divergence on a one minute chart to join price action through 20+ minutes...that's a bit rough to do.... we are relying on the rules. adx is already an add on...

hmmmmmmm

edit: BUT, thanks for your feedback dorgas. appreciate it a lot... but i'm just saying..that's...
Hello,
for you, a divergence in M1 is not important?
Dorgas Manolo iaririarai
  • #19,822
  • Aug 17, 2010 10:35am Aug 17, 2010 10:35am
and here?
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  • #19,823
  • Aug 17, 2010 10:36am Aug 17, 2010 10:36am
it's not an importance issue. if i did not use thv at all. and tried to learn to scalp. i would try to incorporate anything i have at my disposal. but with thv, i am hoping to win AT LEAST 55% of the time by following the rules alone, and nothing else.

the adx is already an add on. then the stoch oscilator is now on my chart. and the miss pips rainbow..... and now you are talking about divergence. and we have to be careful of resistance and support. and then when PA is above cloud and coral, we have to worry about how many times the coral crossed the PA before the rules were met..... before you know it...it's not even the original thv anymore..... it's just learning to scalp from scratch and hoping it will all work out if we practice for a good couple of months on demo. with each additional indicator being used, (or item to be mindful of) that will reduce the percentile that the orignal thv plays a part in the scalping method of the individual...

i am not criticizing your post. you pointed out more than i could as i'm really new to forex all together...
  • #19,824
  • Aug 17, 2010 10:41am Aug 17, 2010 10:41am
Quoting ozma
and here?
The alerts are not entry, they are possible Entries, you need still need to complete the analysis and determine if the entry is valid
  • #19,825
  • Aug 17, 2010 10:48am Aug 17, 2010 10:48am
Quoting rohule
hi guys! i hope you can help me, i have try to set the templete like 3 months ago and i have no succes, i have all the indis and all the templetes you post here but i cant get all the mini charts below(trix,adx and candels) how can i set that up, im going cazy with this, please HELP MEE!
Make sure you have the pipware indis...use the template attached.

Another reason is that your CurrencyPairs are using extra characters "FXF".

Go into the MiniChart Properties and change the Width, see pic atatched.

The THV info Panel is locked so it will have to remain like that fer now
Attached Image
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File Type: tpl thvpipware_v15.tpl   54 KB | 726 downloads
  • #19,826
  • Aug 17, 2010 10:48am Aug 17, 2010 10:48am
Hello,
Now I understand ... you're preferring to give more attention to other indicators like ADX, Stoch, etc. .... Without any problem, each person has a way of analyzing and at no time I thought you would be criticizing my topic, you just gave his opinion and I respect that ....

It's good for us all that we can follow the idea of analyzing each of us, it makes us all grow and improve our technical operations.

Sorry my bad english, because this is not my primary language.
Hug
Dorgas Manolo iaririarai
  • #19,827
  • Aug 17, 2010 10:57am Aug 17, 2010 10:57am
Quoting chiba_san
it's not an importance issue. if i did not use thv at all. and tried to learn to scalp. i would try to incorporate anything i have at my disposal....

We are all looking for the edge, which is why a lot of us talk about other indi's, and analysis.

All knowledge is brought to bear on the testing for entry. Some might think it is over analyzing, other may say .."too much" with the indi's. Others have blank chart and watch candle behaviour, pinbars, inside bars , doube tops etc.

I say ... if it gives an edge...y not? THV is core, but not the only requirement, it takes the sum of your knowledge ...more knowledge = more accurate entries.
  • #19,828
  • Aug 17, 2010 11:14am Aug 17, 2010 11:14am
Quoting Tread
Make sure you have the pipware indis...use the template attached.

Another reason is that your CurrencyPairs are using extra characters "FXF".

Go into the MiniChart Properties and change the Width, see pic atatched.

The THV info Panel is locked so it will have to remain like that fer now

Tread!
thank you so much partner, im very glad you are here with us! have a good one! and take care
passion and discipline
  • #19,829
  • Aug 17, 2010 1:22pm Aug 17, 2010 1:22pm
[quote=Tread;3953838]Forgot I had this running: -

Seller9, Can't seems to the the ADX version of the alerts to give an alert, not sure what happening on it, may be to rigid?

However regular alert (Ind_v20) Which monitors all the trixs is working well on the M1,

Thanks Tread for the screen shot and info. I will cross check the M1 alert settings when I get time with th eInd v20. I am playing with the M5 right now. Any ideas on how to avoid that first alert on your chart? In manual trading you can see it and avoid it, but what can we use to filter this alert at this point would be nice to know.
Thanks
  • #19,830
  • Aug 17, 2010 1:29pm Aug 17, 2010 1:29pm
Hi Seller.

and write the EA on your indicator is real?
  • #19,831
  • Aug 17, 2010 1:36pm Aug 17, 2010 1:36pm
I just had a thought after seeing Treads post using my Ind v20 that why don't I just add the ADX to it instead of doing separate ones for each time frame. What I would like to do is remove some things from the v20 that are not used and then add the ADX.
If so what can I remove that is not being used?
Also, should I put an ADX under each time frame?

If we find a combination of alerts that work, say for the M1, I could then build a dash board that would have just those alerts along with maybe 20 pairs (selectable). That way you could monitor 1 to 20 pairs at once and seeing the logic would only include the needed code for these alerts it should be easier on the cpu than running 20 v20 alerts on each chart.

So let me know before I start cutting.

So far I am leaning towards:

1) THV indicators in M1 to D1
2) ADX M1 to D1
3) Trend (like I have now, 3 possible MAs)
4) High/Low triggers.

Any others??????

Thanks for your input.
  • #19,832
  • Aug 17, 2010 1:53pm Aug 17, 2010 1:53pm
Quoting ozma
And another question. if this is so easy to trade on the Ind Alert, the EA can be written?
Thats true. But I haven't found an Ind Alert that works all the time. They do dumb things by following blindly the hard coded rules. I think they call it the "Holy Grail". I am sure everyone on this forum has looked for it at one time or the other.

Good Luck
  • #19,833
  • Aug 17, 2010 2:00pm Aug 17, 2010 2:00pm
Quoting seller9
Forgot I had this running: -

Seller9, Can't seems to the the ADX version of the alerts to give an alert, not sure what happening on it, may be to rigid?

However regular alert (Ind_v20) Which monitors all the trixs is working well on the M1,

Thanks Tread for the screen shot and info. I will cross check the M1 alert settings when I get time with th eInd v20. I am playing with the M5 right now. Any ideas on how to avoid that first alert on your chart? In manual...

I have been testing the Diamani Volameter 32, it works so far in keeping out bad trades due to low volatility ... it combines the ATR and Standard Deviation.

You can also add a "buffer" around the resistance line .... use an ATR based calulation (0.3*ATR) to calculate this , or a fixed number with user input this for various pairs

Probabliy the easiest would be to implement a "Same as Previous Candle" to stop it. basically it ensure that the previous candle is going in the direction of the trade
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  • #19,834
  • Aug 17, 2010 2:37pm Aug 17, 2010 2:37pm
Quoting seller9
I just had a thought after seeing Treads post using my Ind v20 that why don't I just add the ADX to it instead of doing separate ones for each time frame. What I would like to do is remove some things from the v20 that are not used and then add the ADX.
If so what can I remove that is not being used?
Also, should I put an ADX under each time frame?

If we find a combination of alerts that work, say for the M1, I could then build a dash board that would have just those alerts along with maybe 20 pairs (selectable). That way you could monitor 1 to...
Hi

Like using your Indy as a guide, but i like options. The ability to play around and change the settings would be good. Cuts? Trade hours, clock, ask, bid, etc,etc. I would like to see the Indy only take up half of the chart. Not to criticize, just my two.....

Cheers
  • #19,835
  • Aug 17, 2010 2:40pm Aug 17, 2010 2:40pm
[quote=Tread;3954782]I have been testing the Diamani Volameter 32, it works so far in keeping out bad trades due to low volatility ... it combines the ATR and Standard Deviation.

Thanks for the info

This could also be where the High/Low triggers might come in handy, as they could mark a consolidation area and would trigger on a breakout plus your other THV rules.

Good Luck
  • #19,836
  • Aug 17, 2010 2:43pm Aug 17, 2010 2:43pm
Quoting goldsurfer
Hi

Like using your Indy as a guide, but i like options. The ability to play around and change the settings would be good. Cuts? Trade hours, clock, ask, bid, etc,etc. I would like to see the Indy only take up half of the chart. Not to criticize, just my two.....

Cheers
Thanks for the input.

In my later ones I have moved everything over to the right side of the chart which also helps.

Good Luck
  • #19,837
  • Aug 17, 2010 4:48pm Aug 17, 2010 4:48pm
Answer to a PM...

Yes, checking for divergence is a must I start from the M30 >>> M1.

To learn about divergence you need to go to school ..... babypips

Here's a cheat sheet .... also from babypips
  • #19,838
  • Aug 17, 2010 4:53pm Aug 17, 2010 4:53pm
tread,

isn't the divergence already built into the thv4? i know its one of the options in the settings. do you not use it b/c its inaccurate?


thank you,

Quoting Tread
Answer to a PM...

Yes, checking for divergence is a must I start from the M30 >>> M1.

To learn about divergence you need to go to school ..... babypips

Here's a cheat sheet .... also from babypips
  • #19,839
  • Aug 17, 2010 4:54pm Aug 17, 2010 4:54pm
Quoting seller9
Thanks for the input.

In my later ones I have moved everything over to the right side of the chart which also helps.

Good Luck

I would suggest Trix/Coral/Ichi after from 4hr up not necessary for the scalping
  • #19,840
  • Aug 17, 2010 5:07pm Aug 17, 2010 5:07pm
Quoting samk090905
tread,

isn't the divergence already built into the thv4? i know its one of the options in the settings. do you not use it b/c its inaccurate?


thank you,
It is accurate, but the signals appear 2 bars into the move, because the calculation needs to be made after the high/lows are formed. You can trade of the indi alert, but on the higher volatile pairs an early detection is good edge, enuff practice you can spot this pretty quickly. It also helps to be conscious of it always

Watching it form you can catch it earlier.

Look for post by Ricimi, he usually puts up some really good examples on this
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